Search results for "Pane"
showing 10 items of 1074 documents
The Export-Productivity Link in Brazilian Manufacturing Firms
2015
This paper explores the link between exports and total factor productivity in Brazilian manufacturing firms over the period 2000–08. The Brazilian experience is instructive, as it is a case of an economy that expanded aggregate exports significantly, but with stagnant aggregate growth in total factor productivity. The paper first estimates firm-level total factor productivity under alternative assumptions (exogenous and endogenous law of motion for productivity) following a GMM procedure. In turn, the analysis uses stochastic dominance techniques to assess whether the ex ante most productive firms are those that start exporting (self-selection hypothesis). Finally, the paper tests whether e…
Corporate governance and financial performance: The role of ownership and board structure
2018
Abstract This study examines how corporate governance and ownership structure relate to the financial performance of firms. We estimated this relationship using fsQCA. We enhanced our analysis using complementary linear and non-linear multiple regression analysis. The panel data used in this study covered 1207 companies from 59 countries across 19 sectors for the period 2013 to 2015. The study makes two main contributions. First, the multiple empirical techniques employed in this study offer a broader approach to the empirical analysis of financial performance. Second, the study aids our understanding of the role of corporate governance and ownership in the financial performance of firms.
Trade credit and determinants of profitability in Europe. The case of the agri-food industry
2018
Abstract The objective of this paper is to analyse the effect that trade credit has on the determinants of profitability during the crisis period in Europe. We use panel data for a total of 24,177 European agri-food companies from 2010 to 2014. Among our main contributions, we highlight that we isolate the sector effect and study the country effect by separating the different policies and customs with respect to the granting of trade credit. The results confirm, in general, that trade credit affects profitability depending on the country and the characteristics of size, specificity, market power or reputation.
Developing a blog trust scale via an international Delphi panel
2020
Abstract Although trust is one of the most widespread and studied constructs in marketing and management, its definition, versatility and different application areas may have fostered a certain dispersion when measuring this concept. Despite the increasing importance of blogs, specific scales for, and measures of, trust have not been considered in the literature. This paper proposes a scale to measure online trust in the blog domain (Blog Trust Scale, BTS) through the development of an international Delphi panel consisting of 14 experts from 5 different countries. As a result, we have developed a solid measurement instrument of online trust in blogs, composed of 12 items and tested in four …
Quantile regression for the FDI gravity equation
2015
Abstract Firm-level heterogeneity shapes foreign direct investment (FDI) flows, whereby a few firms are responsible for most of the world's FDI. Aggregate outcomes of FDI are highly skewed, and the estimates of FDI's antecedents vary largely depending on FDI level. The incidence of individual firms, however, varies across FDI's quantiles. To study the individual firms' effect on FDI flows, this study develops a quantile regression method for bilateral FDI panel data. This study estimates the differential incidence of individual firm-level projects on aggregate flows among 161 countries from 2003 to 2012. Results suggest that FDI's determinants vary across quantiles. In particular, the effec…
The impact of corruption on sport demand
2020
PurposeThe article presents an empirical analysis that evaluates the effects of a systemic corruption scandal on the demand in the short and the long run. In 2006, the Calciopoli scandal uncovered the match rigging in the Italian soccer first division. The exemplary sportive sanction of relegating the primary culprit to the second division imposed further negative externalities on the other clubs. Should we prefer the sportive sanction on the team or the monetary fines for the club?Design/methodology/approachWe estimated two log-linear models of the demand side (stadium attendance) using a fixed effect estimator, on two panel data set made of all the Italian soccer clubs in the first and se…
Internationalization of knowledge-intensive SMEs: The role of network relationships in the entry to a psychically distant market
2009
Abstract Current research emphasizes the role of extant network relationships in the international development of small- and medium-sized enterprises (SMEs). Inevitably, these relationships are there, most likely, to provide linkages with and facilitate entry into psychically and geographically close markets. But what of firms entering psychically distant markets, for strategic reasons, as is usually the case with knowledge-intensive SMEs? Will existing network relationships remain important, and will they operate in a similar way. In this exploratory case study, in which eight Finnish software SMEs enter the Japanese market, the decision to enter these markets is found to be for strategic …
Experimental Tests on Typical Masonry of Messina Area (Italy) Retrofitted with CAM: Full Scale Panels
2014
The present paper focuses on an in-situ testing campaign recently developed in the Messina area, Italy, aiming at the assessment of the in-plane shear behaviour of traditional masonry retrofitted with the innovative CAM system (a system of 3D pre-tensioned stainless steel ties). The typical masonry of Messina area, is characterised by low mechanical properties, both for its texture and for the bad quality of mortar, as well as lack of transverse connections. The high seismic risk characterizing the zone, amplifies the need for in-plane strengthening and transverse connections improving. The CAM system, Masonry Active Ties or Manufact Active Confining, allows to realise a 3D pre-tensioned ty…
Finite element analysis of the out-of-plane behavior of FRP strengthened masonry panels
2017
Abstract In the present study a numerical model is proposed for the response of out-of-plane loaded calcarenite masonry walls strengthened with vertical CFRP strips applied on the substrate by means of epoxy resin. A simplified structural scheme is considered consisting in a beam fixed at one end, subjected to constant axial load and out-of-plane lateral force monotonically increasing. Two different constraint conditions are taken into account: in the first one, the panel is assumed free to rotate at the top end while, in the second one, the rotation is restrained. Three-dimensional finite elements are used for the calcarenite parts and an equivalent constitutive law available in the litera…
Total oxidation of VOCs on mesoporous iron oxide catalysts: Soft chemistry route versus hard template method
2016
9 figures, 3 tables.-- Supplemantary information available